Léa has been in the restaurant business ([selling] rice, beans, palm oil...) for ten years.
This is her sixth loan with Turame. With this Kiva financed loan, she is going to increase her capital and buy a large amount of staple foods (rice, beans, palm oil,...) to cook and resell in her restaurant.
Elle fait le commerce de restaurant (riz, haricot, huile de palme,...) depuis 10 ans.
Elle est à son sixième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de produits vivriers( riz, haricot, huile de palme,...) à revendre cuits, dans son restaurant.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid